» Government to improve investment climate for mining sector: Handique

Government to improve investment climate for mining sector: Handique

Published: Tuesday, August 18, 2009, 17:33 [IST]

Subscribe to Oneindia News

New Delhi, Aug 18 (ANI): The Minister of Mines and Minister of Development of North Eastern Region, B.K. Handique, today said that efforts would be made to improve the investment climate for mining in the country.

He said this while delivering the inaugural address at the 43rd Annual General Meeting of Federation of Indian Minerals Industries (FIMI) here.

Speaking on the occasion, he said, "We are conscious that policy initiatives and legislative measures need to be evolved constantly with the changing needs".

Handique said that sustainable development of our mineral industry, with a view to achieve desired growth rate lies at the very core of our efforts.

"Indeed, it is our common goal and we are all working towards its fulfillment," he added.

He said that the 100 days agenda include framing of new legislation to give effect to the National Mineral Policy 2008 on the aspects relating to transparency and seamlessness in the concession regime and sustainable development framework. The draft legislation is being finalized and will be brought before Parliament in the ensuing Winter Session. (ANI)